Mar
19
If I turn my lease back in with WAY lower miles will I get reimbursed for the miles I am under the allowable?
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I am paying off my lease a year early and won’t be using it anymore, it will be just sitting in my driveway. We were allowed 30,000 miles under our lease agreement, but only drove 13,000. Is there some sort of thing since we have to pay for every mile we go over that they have to pay us for every mile we are under?
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3 Comments
March 22nd, 2009 at 11:12 am
No. You paid for the miles but there is no refund if you don’t use them.
March 23rd, 2009 at 9:35 pm
You can always sell the vehicle privately for more than the end value, pay off the balance and pocket the rest.
March 27th, 2009 at 2:57 am
Afraid not. Its like vacation days - use em or lose em.
As one answerer suggested, you may check gteh value of the car versus your residual. If you find that you can sell it for more than the residual, you can do so and pocket the difference. But if you plan to just hand it back in, they will thank you for the miles, and thats about it